Browsing: Economy

Brazilian production ended August with a decline of 0.8% over July, but increased in the first eight months of the year, according to a survey by the Brazilian Institute of Geography and Statistics (IBGE).

The Brazilian Ministry of Industry, Foreign Trade and Services reported that the country saw a USD 5.178 billion surplus last month, the result of USD 18.666 billion in exports and USD 13.488 billion in imports.

Economy declined 2.3% from April to June over the year’s first three months, impacted by the budget cuts done due to oil’s lower prices.